News
November 2011
Press release
CAPITAL Edition 54 (30.11.2011):
Kamal Hawabhay: Mauritius needs to talk to India on DTA issues
Kamal Hawabhay blasts at those who call Mauritius a tax haven and a centre for money laundering. Mauritius, he says, should not let its good economic reputation be tarnished as it is becoming India’s favourite platform to do business in or invest in African market. The President of Trust and Management Companies Association in Mauritius believes the country should speak to India to put an end to critics and unfounded allegations concerning the double taxation avoidance (DTA) treaty.
October 2011
Press release
L'EXPRESS (28.10.2011):
Offshore : L’Inde et Maurice ouvriront les négociations sur le traité fiscal en décembre
L’Inde et Maurice ont accepté de renégocier leur traité de non-double imposition, qui est un élément clé du développement de notre secteur offshore. Les discussions entre New Delhi et Port-Louis démarreront au cours de la deuxième semaine de décembre.
June 2011
Press release
LE DEFI QUOTIDIEN (03.06.2011):
Allégations du Swami Ramdev sur le transfert illégal d'argent - Kamal Hawabhay: "Ile est trop facile de citer le nom de Maurice"
De nouvelles allégations viennent, une fois de plus, porter atteinte à l'image de l'offshore mauricien. Et, cette fois encore, cela a un lien avec l'Inde. Selon le Swami Ramdev, gourou du yoga internationalement connu, plusieurs centaines de millions de dollars américains provenant de délits de corruptions en Inde auraient transité par l'offshore mauricien.
October 2010
Press release
LE DEFI QUOTIDIEN (05.10.2010):
Le Direct Tax Code Bill Indien - Kamal Hawabhay: "Un projet de loi controversé"
Le gouvernement indien compte voter le Direct Tax Code Bill. Cette loi ferait, selon Kamal Hawabhay, président de l’Association of Trust & Management Companies, perdre son attrait, en tant que destination d'investissement, à la Grande Péninsule. Ce qui est, selon lui, une opportunité sans précédent pour plusieurs économies émergentes, notamment Maurice.
September 2010
Press release
LE MATINAL (27.09.2010):
Rencontre entre Pravind Jugnauth et le secteur des services financiers
Les consultations prébudgétaires se sont poursuivies pendant toute la journée de lundi entre les différentes associations et le vice-Premier ministre et ministre des Finances, Pravind Jugnauth. Les rencontres ont été qualifiées de "très receptives" par toutes les parties.
September 2010
Press release
LE MATINAL (10.09.2010):
Maurice is not concerned.
"Maurice is not concerned", said Kamal Hawabhay, president of the Association of Trust & Management Companies (ATMC). This statement follows a recent article published in an Indian newspaper, which calls into the question the double tax treaty (DTAA) between Mauritius and India.
August 2010
Press release
LE DEFI QUOTIDIEN (13.08.2010):
Selon l'Association mauricienne des compagnies offshore, le traité Inde/Maurice revue de sitôt.
Kamal Hawabhay, président de l'Association of Trust & Management Companies (ATMC), est catégorique. Les autorités indiennes ne comptent pas revoir de sitôt le traité fiscal liant l'Inde à Maurice, dit-il.
July 2010
Kamal Hawabhay is elected as a director of the Mauritius board of the Society of Trust and Estate Practitioners (Mauritius) Limited (STEP). STEP headquarters is in United Kingdom and is a unique professional body providing members with a local, national and international learning and business network focusing on the responsible stewardship of assets today and across generations.
July 2010
Kamal Hawabhay is requested by the newly elected Executive Committee to continue his mandate as President of the ATMC for a second term.
May 2009
Kamal Hawabhay becomes the President of the Association of Trust and Management Companies of Mauritius (ATMC), a substantial representative body of the Global Business Industry. The ATMC is a self-regulatory body that oversees the ethical and professional business practices of Trust, Corporate & Fund Service providers in Mauritius. Its aim is to ensure that the highest standards of business practices are maintained by our members so as to uphold the integrity and good repute of the Mauritius jurisdiction. Kamal was Vice President in 2008.
April 2005
The MD of GWMS, Kamal Hawabhay becomes member (and also the secretary) of a 7 member-Board of the Mauritius Institute of Professional Accountants (MIPA), a recent statutory body set up by the Government of Mauritius, pursuant to the Financial Reporting Act 2004, to regulate (with full disciplinary powers) all professional and public accountants, both foreign & locals, practicing in Mauritius and ensure that the integrity and the standard of the accountancy profession is upheld & maintained in Mauritius.
New Investment Avenues open up in India with the advent of the IDRs (Apr 2004)- Investment friendly poliices in China & Malaysia (May 2004)
- The changes brought forward by the Financial Services Act 2007 (Dec 2007)
- Securities Act 2005 & FSC Rules 2008 (Apr 2008)
- FSC Rules 2008 (Apr 2008)
- Finance Act 2009 (Nov 2009)